Fuelcell Energy SEC Filings

Bingham Betsy B reported acquisition or exercise transactions in this Form 4 filing.

FuelCell Energy director Betsy B. Bingham received a grant of 17,424 Deferred Common Stock Units as board compensation. These units were issued under the company’s Directors Deferred Compensation Plan and are convertible into an equal number of common shares, payable to her upon separation from service as a director. Following this award, she holds 82,594 deferred common stock units.

FuelCell Energy Inc. director Betsy B. Bingham received a grant of deferred common stock units as part of her board compensation. She was awarded 17,424 deferred common stock units, bringing her total deferred units to 18,765. These units were issued under the FuelCell Energy, Inc. Directors Deferred Compensation Plan. Each unit will convert into one share of common stock on a one-for-one basis and will be delivered to her only after she separates from service as a director, so this filing reflects non-cash, compensation-related equity rather than an open-market stock purchase or sale.

FuelCell Energy, Inc. reported results from its April 2, 2026 annual stockholder meeting, where shareholders approved updates to the company’s long-term incentive and employee stock purchase plans and re-elected all eight director nominees.

The Sixth Amended and Restated 2018 Omnibus Incentive Plan now authorizes awards covering up to 5,194,444 shares of common stock, including an additional 3,000,000 shares, with up to 61,111 shares issuable as incentive stock options. The Amended and Restated Employee Stock Purchase Plan permits issuance of up to 300,078 shares, including 300,000 newly authorized, and caps each participant’s purchases at 1,000 shares per offering period.

Stockholders also approved the company’s executive compensation on an advisory basis, ratified KPMG LLP as independent registered public accounting firm for the fiscal year ending October 31, 2026, and supported amendments to both equity plans, while routine broker non-votes were recorded on applicable proposals.

The Vanguard Group filed an amendment (Schedule 13G/A) reporting zero beneficial ownership of FuelCell Energy Inc. common stock. The filing lists 0 shares and 0% ownership and notes an internal realignment effective January 12, 2026 that led certain Vanguard subsidiaries to report separately. The signature block is dated 03/26/2026.

FuelCell Energy, Inc. reported higher quarterly revenue but continued losses. For the three months ended January 31, 2026, revenue rose to $30.5 million from $19.0 million, driven mainly by product sales to customers in South Korea and growth in service revenue.

The net loss attributable to common stockholders narrowed to $23.7 million from $29.1 million, with loss per share improving to $0.49 from $1.42 as the share count increased. Cash, cash equivalents and restricted cash totaled $379.6 million, including unrestricted cash of $311.8 million, supported by $54.9 million of net at-the-market equity proceeds and a new $25.0 million EXIM debt facility.

FuelCell Energy, Inc. reported first‑quarter fiscal 2026 results showing much stronger revenue but continued losses. Revenue reached $30.5 million, up 61% from $19.0 million a year earlier, driven largely by higher product and service activity. Net loss narrowed to $26.1 million from $32.4 million, and net loss per share attributable to common stockholders improved to $(0.49) from $(1.42), aided by both lower operating expenses and a higher share count. Adjusted EBITDA was $(17.0) million, better than $(21.1) million in the prior-year quarter, reflecting reduced research and development and administrative spending after prior restructurings.

Cash, cash equivalents and restricted amounts rose to $379.6 million as of January 31, 2026, compared with $341.8 million on October 31, 2025, supported by at-the-market stock sales totaling about 6.4 million shares for $56.3 million in gross proceeds and a new Export-Import Bank of the United States financing. Backlog declined about 10.8% year over year to $1.17 billion as revenue was recognized, with a weighted average term of roughly 15 years across service and generation contracts. Management highlighted strong commercial interest from data center customers, citing over 1.5 gigawatts of new proposals and a collaboration with Sustainable Development Capital LLP targeting up to 450 megawatts of projects.

FuelCell Energy, Inc. is holding its 2026 Annual Meeting of Stockholders as a fully virtual event on April 2, 2026, with holders of common stock at the February 11, 2026 record date entitled to vote. As of that date, 52,947,032 shares were outstanding.

Stockholders are asked to elect eight directors, approve a non-binding advisory vote on executive pay, ratify KPMG LLP as auditor for fiscal 2026, and approve amendments and restatements of the 2018 Omnibus Incentive Plan and the 2018 Employee Stock Purchase Plan. The Board recommends voting “for” all proposals.

The proxy highlights a 2025 reset focused on cost discipline, liquidity, and concentrating on the core carbonate fuel cell platform, alongside governance enhancements such as majority voting for directors, stock ownership guidelines, compensation recovery policies, and a structured Board refresh process. It also emphasizes FuelCell’s sustainability strategy and life-cycle approach to its clean energy technology.

FuelCell Energy, Inc. received a Schedule 13G filing showing that Legal & General Group Plc and related entities beneficially own 2,893,183 shares of its common stock, representing 6.1% of the class as of 12/31/2025.

The filing reports no sole voting or dispositive power and indicates that these 2,893,183 shares are held with shared voting and shared dispositive power. Several affiliated investment management entities in the UK, Ireland, the U.S., and Singapore are identified as part of the ownership structure.